Condo Market Report April-May 2019

16 April 2019
Remax-Condos-Plus

Sales for March at 7200 units matched those of March of last year. What does that mean? If you had expected a bounce back from last year’s sales numbers, then you would be disappointed. Year-to-date, 2019 is dead even with 2018.


Condo Market Report April-March 2019

19 March 2019
Remax-Condos-Plus

The Most up-to-date info on Toronto's Real Estate Market. February sales as reported by the Toronto Real Estate Board were Disappointing, Lower than February of Last Year. This was Not the Start that Most People Were Expecting.


Condo Market Report February-March 2019

14 February 2019
Remax-Condos-Plus

Sales for January of this year, started out very similar to those of January in 2018. Our Forecast last month said that ‘what you saw in 2018 is what you will get in 2019’ and the first numbers seem to support that. Sales and ‘active’ listings on TREB were unchanged from those of a year ago. While real estate sales are seasonal, we have also made the case that sales are ‘weather dependent’.


Condo Market Report November-December 2018

16 November 2018
Remax-Condos-Plus

Sales on the Toronto Real Estate board for October were better than expected. At 7500 units, it was 6% higher than October of last year, and 16 % higher than September. While October is usually the busiest month of the fall market, we recorded 9700 sales in October of 2016.


Condo Market Report October-November 2018

11 October 2018
Remax-Condos-Plus

September sales on the Toronto Real estate Board were 6500 units, up 1.9% compared to September of last year. This is not as positive a sign as it appears. September sales were down 5% from August (very unusual). When you compare to last year, September sales were 1% higher than in August. The reality is that sales volumes will be mired at these levels until something fundamentally changes.


Condo Market Report September-October 2018

19 September 2018
Remax-Condos-Plus

August sales on TREB were 6,800 units, an increase of 8.5% over August of 2017. Sales were also level with those in July which is normal in terms of seasonality. In terms of sales, we have definitely passed the bottom but of most concern is what does the fall market look like? ‘New’ listings in August were 6% higher than August of last year (more supply).


Toronto Market Report August-September 2018

14 August 2018
Remax-Condos-Plus

July sales on the Toronto Real Estate Board produced mixed signals. Sales at 6900+ units are 18% higher than July of last year. However, this is 13% lower than from June (not unexpected) but the normal average for July is 9,000 units.


Toronto Market Report July-August 2018

16 July 2018
Remax-Condos-Plus

Sales on the Toronto Real Estate Board were 8,082 units in June. That was up 2.4% over June of last year (the first time this year) and more importantly up 4.3% from May. Remember we were expecting sales to be lower in June. The market turned upward again in the last 10 days of June. At the same time, ‘new’ listings in June were 19% lower than for June of last year and ‘active’ listings are now only 6% higher than a year ago at this time.


Toronto Market Report June-July 2018

14 June 2018
Remax-Condos-Plus

Sales on the Toronto Real Estate Board were 7800+ units in May. In our last Report, we were forecasting 8900 units. So where did we go wrong? In a normal year, May and June are usually the largest sale months of the year and that was our expectation.


Toronto Market Report May-June 2018

17 May 2018
Remax-Condos-Plus

April Sales in Toronto were not much better than in march. New lending rules are having an impact, especially on the rental market which is on fire!